Veritex Holdings, Inc. (NASDAQ:VBTX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lessened its holdings in shares of Veritex Holdings, Inc. (NASDAQ:VBTX) by 10.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 606,949 shares of the financial services provider’s stock after selling 73,817 shares during the quarter. Wellington Management Group LLP owned about 1.11% of Veritex worth $16,485,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Stifel Financial Corp boosted its position in Veritex by 4.6% in the 3rd quarter. Stifel Financial Corp now owns 48,582 shares of the financial services provider’s stock valued at $1,279,000 after buying an additional 2,115 shares during the period. XTX Topco Ltd acquired a new stake in shares of Veritex in the third quarter valued at $404,000. Barclays PLC boosted its holdings in Veritex by 63.8% in the third quarter. Barclays PLC now owns 117,609 shares of the financial services provider’s stock valued at $3,095,000 after purchasing an additional 45,787 shares during the period. Geode Capital Management LLC grew its stake in Veritex by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,293,966 shares of the financial services provider’s stock worth $34,064,000 after purchasing an additional 18,185 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Veritex by 1.0% during the 3rd quarter. Franklin Resources Inc. now owns 73,421 shares of the financial services provider’s stock worth $1,920,000 after purchasing an additional 701 shares during the period. Hedge funds and other institutional investors own 88.31% of the company’s stock.

Veritex Price Performance

Shares of VBTX opened at $21.23 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.94. Veritex Holdings, Inc. has a 1-year low of $18.74 and a 1-year high of $31.62. The stock has a market cap of $1.16 billion, a PE ratio of 10.89 and a beta of 1.11. The firm has a fifty day moving average price of $25.16 and a 200 day moving average price of $26.77.

Veritex (NASDAQ:VBTX) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). Veritex had a net margin of 13.44% and a return on equity of 7.59%. As a group, sell-side analysts anticipate that Veritex Holdings, Inc. will post 2.26 EPS for the current year.

Veritex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.20 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.77%. Veritex’s payout ratio is 41.03%.

Analyst Ratings Changes

VBTX has been the subject of several recent research reports. Stephens decreased their price objective on Veritex from $34.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Hovde Group upgraded shares of Veritex from a “market perform” rating to an “outperform” rating and set a $31.50 price target for the company in a report on Thursday, January 30th. DA Davidson restated a “buy” rating and issued a $34.00 price objective on shares of Veritex in a report on Monday, March 17th. Finally, Raymond James downgraded shares of Veritex from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $31.00 to $28.00 in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.90.

Veritex Profile

Veritex Holdings, Inc operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing.